Wealth Enhancement Advisory Services LLC Sells 7,358 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 46.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,452 shares of the company's stock after selling 7,358 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Take-Two Interactive Software were worth $1,752,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Davis R M Inc. grew its stake in Take-Two Interactive Software by 4.9% in the 4th quarter. Davis R M Inc. now owns 229,426 shares of the company's stock worth $42,233,000 after acquiring an additional 10,701 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Take-Two Interactive Software in the 4th quarter worth about $1,442,000. Mackenzie Financial Corp grew its stake in Take-Two Interactive Software by 13.2% in the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after acquiring an additional 1,833 shares in the last quarter. Fisher Asset Management LLC bought a new position in Take-Two Interactive Software in the 4th quarter worth about $259,000. Finally, Eagle Rock Investment Company LLC grew its stake in Take-Two Interactive Software by 12.3% in the 1st quarter. Eagle Rock Investment Company LLC now owns 24,219 shares of the company's stock worth $5,019,000 after acquiring an additional 2,660 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Up 0.9%

NASDAQ TTWO opened at $241.44 on Monday. The company has a fifty day simple moving average of $229.88 and a two-hundred day simple moving average of $209.50. The stock has a market cap of $42.84 billion, a P/E ratio of -9.51, a P/E/G ratio of 6.28 and a beta of 1.03. Take-Two Interactive Software, Inc. has a 12-month low of $135.24 and a 12-month high of $245.08. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

Analysts Set New Price Targets

TTWO has been the topic of a number of research analyst reports. Wedbush restated an "outperform" rating and issued a $269.00 target price (up from $253.00) on shares of Take-Two Interactive Software in a research note on Friday, May 16th. Robert W. Baird increased their price objective on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating and set a $236.00 price objective (down from $240.00) on shares of Take-Two Interactive Software in a research note on Monday, May 5th. Finally, UBS Group increased their price objective on shares of Take-Two Interactive Software from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and a consensus target price of $228.10.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 27,056 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the completion of the transaction, the insider now owns 152,271 shares of the company's stock, valued at $34,294,474.62. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Karl Slatoff sold 216,661 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total transaction of $48,911,220.75. Following the transaction, the president now directly owns 1,206,427 shares of the company's stock, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 460,378 shares of company stock valued at $103,915,994 over the last 90 days. Insiders own 1.45% of the company's stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.

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